FREEDOM & LIBERTY is for EVERYONE!!!. . . . .

Folks from all over the world have accessed this site. The desire to be free of the shackles of fascism, socialism, communism and progressivism are universal. Folks just want to live their lives and be left alone... Dammit!

"People don't like to be meddled with. We tell them what to do, what to think. Don't run. Don't walk. We're in their homes, and in their heads, and we haven't the right. We're meddlesome." River Tam referring to the government.

Not Politically Correct. . .

"Be not intimidated...
nor suffer yourselves to be wheedled out of your liberties by any pretense of politeness, delicacy, or decency.
These, as they are often used, are but three different names for hypocrisy, chicanery and cowardice."
- John Adams

Abraham Lincoln

To quote Jack Donovan’s Violence is Golden: ‘Without action, words are just words. Without violence, laws are just words. Violence isn’t the only answer, but it is the final answer.’

In a world gone mad we are the villains. We wield the truth and the light. In the end we will only be answerable to ourselves and our God. If we win then we inherit the earth, if we lose we get to Heaven.

Thursday, July 29, 2010

Like throwing stuff overboard to lighten the load. Won't work. This ship will be crushed by the rocks.

California Approaches "Fiscal Meltdown"; Schwarzenegger Declares Fiscal Emergency; Fort Worth Texas Ponders Scrapping Defined Benefit Pension Plans


At long last a major city in the US (Fort Worth has a population in excess of 600,000) is considering doing what desperately needs to be done: killing defined benefit pension plans for public workers.

Instead, the union suggests "an additional 6 percent of payroll to the pension, which would fix the shortfall in a few years". Where would that contribution come from? Taxpayers of course. Will it fix the system? No, it will not fix the shortfall because of insane pension plan assumptions.

The only solution is to kill these plans right here, right now. Unfortunately, such action will not fix the problem of unfunded plans for current vested employees, but it is a major step in preventing further buildup of a fiscally insane proposition.

If unions had any common sense they would embrace, not fight these decisions. The reason of course is the only other solution for cities would be to resolve these difficulties by declaring bankruptcy, putting accrued benefits at risk.

Mike "Mish" Shedlock
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A very good read.

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